Financial Management Network Inc. Acquires 34,000 Shares of iShares U.S. Treasury Bond ETF $GOVT

Financial Management Network Inc. increased its stake in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 13.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 295,521 shares of the company’s stock after buying an additional 34,000 shares during the period. iShares U.S. Treasury Bond ETF accounts for approximately 1.0% of Financial Management Network Inc.’s holdings, making the stock its 26th biggest holding. Financial Management Network Inc.’s holdings in iShares U.S. Treasury Bond ETF were worth $6,764,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GOVT. Johnson Bixby & Associates LLC lifted its position in shares of iShares U.S. Treasury Bond ETF by 2.2% during the first quarter. Johnson Bixby & Associates LLC now owns 1,096,862 shares of the company’s stock worth $25,129,000 after purchasing an additional 23,660 shares in the last quarter. Sterling Investment Counsel LLC acquired a new stake in shares of iShares U.S. Treasury Bond ETF in the first quarter valued at approximately $290,000. Brookstone Capital Management raised its position in iShares U.S. Treasury Bond ETF by 318.2% in the 1st quarter. Brookstone Capital Management now owns 364,775 shares of the company’s stock worth $8,357,000 after purchasing an additional 277,547 shares during the last quarter. True Vision MN LLC raised its position in iShares U.S. Treasury Bond ETF by 524.2% in the 1st quarter. True Vision MN LLC now owns 276,957 shares of the company’s stock worth $6,345,000 after purchasing an additional 232,587 shares during the last quarter. Finally, Spectrum Planning & Advisory Services Inc. raised its position in iShares U.S. Treasury Bond ETF by 811.7% in the 1st quarter. Spectrum Planning & Advisory Services Inc. now owns 144,555 shares of the company’s stock worth $3,312,000 after purchasing an additional 128,700 shares during the last quarter.

iShares U.S. Treasury Bond ETF Stock Performance

GOVT stock opened at $22.68 on Tuesday. iShares U.S. Treasury Bond ETF has a twelve month low of $22.47 and a twelve month high of $23.39. The business has a fifty day moving average of $22.75 and a 200-day moving average of $22.94.

iShares U.S. Treasury Bond ETF Company Profile

The iShares U.S. Treasury Bond ETF (GOVT) is an exchange-traded fund that is based on the ICE U.S. Treasury Core Bond index. The fund tracks a market-weighted index of fixed-rate nonconvertible U.S. Treasury securities with a remaining maturity of one year or more. GOVT was launched on Feb 14, 2012 and is managed by BlackRock.